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NBB completes BisB share purchaseNational Bank of Bahrain (NBB) and SIO Asset Management Company (SIOAM) have completed the purchase of The Investment Dar's and associated companies' shareholding of 51.6 per cent in Bahrain Islamic Bank (BisB). SIO Asset More… |
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Doha Bank seeks to double foreign profits by 2015Doha Bank, Qatar's fifth-largest lender by market value, plans to nearly double its profits from international operations by 2015, mirroring a strategy employed by other Gulf Arab lenders facing intense competition at home. Th More… |
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DIB delays Tamweel share swap deadlineDubai Islamic Bank (DIB) has announced that it has extended the deadline to March 30 for acceptance of Tamweel share swap applications, to allow adequate time for shareholders to complete administrative formalities. DIB is the majority More… |
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Bahrain Bourse seals Batelco partnershipBahrain Bourse has become a share registrar for the Kingdom's leading telecom services operator Batelco as the stock exchange continues to prove an investment indicator to the country. The bourse will provide Batelco with a va More… |
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Saudi soars on petchem, banking stocksSaudi shares end higher on Saturday, lifted by gains in the petrochemical and banking index. The all-share ended 0.8 per cent higher to 6,824 points and the petrochemical index ends 1 percent higher at 5,875 points. Petrochemical More… |
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Mobily gets Saudi regulator nod for bonus shareSaudi Arabia's stock market regulator has approved a 10 per cent bonus share issue by telecom operator Etihad Etisalat (Mobily), according to a statement on the kingdom's bourse on Sunday. Mobily will now h More… |
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Disputed stake ‘obstacle’ to NBK-Boubyan dealNational Bank of Kuwait moved a step closer to a takeover of Kuwait's Boubyan Bank on Wednesday, but a disputed stake held by another bank remains an obstacle to the $2.1 billion deal. The Boubyan Bank board gave its backing to its main sh More… |
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Qatar index falls to eight-month lowQatar's index slumped to a new eight-month low in sluggish trade, with local and foreign investors little tempted to open new positions due to a lack of company news and continued worries about the euro zone's future. Qatar National Bank f More… |
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Saudi hits 3-month low on oil, global fearsSaudi Arabian shares dropped nearly 2 per cent to a three-month low, weighed by declines in the heavyweight banking and petrochemical sectors, after a fall in oil prices and global stocks. The all-share index closed 1.9 percent lower at 6, More… |
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India's Marico to raise $97.8m via share saleIndian consumer products maker Marico Ltd said on Saturday it plans to raise Rs5 billion ($97.8 million) from the sale of 29.41 million shares to two private equity investors at Rs170 each. On Tuesday, Business Standard reported Marico pla More… |
